interest rates
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Investing
Government Boosts Sukanya Samriddhi Yojana Returns: Interest Rates Hiked for Q1 2024
The interest rates for the Sukanya Samriddhi Yojana (SSY) have been increased by 20 basis points for the January-March quarter by the Narendra Modi government, preceding the Lok Sabha polls in 2024. As per a circular from the finance ministry, the Sukanya Samriddhi scheme will now offer an interest rate of 8.2%, up from the previous 8%. The government routinely…
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USA
US News: Jobless Claims Edge Up, but Labor Market Resilience Eases Concerns
The latest report from the Labor Department reveals a slight uptick in weekly jobless claims, reaching 218,000 for the week ending Dec. 23, a rise of 12,000 from the previous week. However, the four-week average, a more stable measure, decreased by 250 to 212,000. Although 1.88 million Americans were collecting jobless benefits, an increase of 14,000 from the prior week,…
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Money
IIFL Samasta Finance Gears Up for ₹1,000 Crore Bond Listing on BSE and NSE
IIFL Samasta Finance, a prominent NBFC-MFI in India, is set to raise ₹1,000 crore through its debut public offering of secured bonds. The funds aim to support business expansion and enhance capital resources, offering investors a secure opportunity with interest rates up to 10.50%. The company plans to issue ₹200 crore initially, with a green-shoe option for oversubscription, potentially raising…
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